Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
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As per the FIPB agenda, the proposal will be taken up on October 18.
Domestic air passenger traffic was back to the growth trajectory in June amid the falling number of COVID-19 cases in the country with around three million passengers flying on local routes in the previous month as against around two million in May, a report said on Tuesday. Though there is some recovery observed in June, stress on demand continues, driven largely by the second wave of the pandemic, limiting travel to only necessary travel, credit rating agency ICRA said in its report. On a sequential basis, domestic passenger traffic was up 41-42 per cent in June over May.
Approval was held up due to CBI investigation into international flying permit of Tata group-owned AirAsia India.
Richard Branson-promoted Virgin Atlantic Airways is interested in investing in the Indian civil aviation sector once the Union government
A right-wing group on Thursday vandalised the office of Pakistan International Airlines in New Delhi prompting Islamabad to take up the issue with the ministry of external affairs.
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
The Wadia Group-promoted budget carrier Go Airlines (India), or GoAir, is gearing up to launch international operations by the end of this financial year or early the next.
Lufthansa has terminated the services of 103 India-based flight attendants after they allegedly sought "job assurance" from the management while the German airlines group had offered them leave without pay option for two years, sources close to the developments said.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
Airlines have opposed the rules that make it compulsory for them to pay compensation to passengers in case a flight is delayed by more than four hours
The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
Together with Jet Airways we will have 61 flights to Amsterdam and Paris during the winter season. That also makes us the second largest airline group after Lufthansa, which has 67 weekly flights, and we are catching up to become the first, says KLM CEO Pieter Elbers.
Apart from Air India, the implementation of the airport hub project would involve the airport authorities, other Star Alliance partner airlines which operate from the two airports and ground handling agencies, among others, to make it easier for smooth transfer of passengers from one flight to another.
While Jet founder Naresh Goyal said he was willing to infuse Rs 700 crore and also pledge all his shares in the company provided he can have at least 25 per cent stake, the airline's foreign partner Etihad Airways insists he must not keep more than a 22 per cent stake.
People have said they would be inclined to travel for leisure during the festival and year-end season.
The country's largest domestic budget carrier IndiGo on Wednesday announced the appointment of Pieter Elbers as its chief executive officer, replacing incumbent Ronojoy Dutta. Seventy-one year old Dutta, who came to helm the airline in January 2019, has decided to retire on September 30, after guiding the airline through the turbulent Covid period, IndiGo said in a statement. Elbers' appointment, which is subject to regulatory approvals, will be effective from on or before October 1, it said.
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
A group of Air India unions on Friday asked Civil Aviation Minister Praful Patel to fix the accountability on those who are "sabotaging" the airlines merger process
Marriott has the best breakfast in town. New Delhi airport has the best stores. Kishore Singh on the good, bad and worst among hotels, airports and airlines.
The new plan is likely to be discussed in the meeting of the group of ministers to be held next week.
It has been lowered to 'IND BBB+' from 'IND A-', besides placing the rating on 'Rating Watch Negative' (RWN).
The Congress leader is also being probed by ED in two separate money-laundering cases of Aircel-Maxis and INX Media.
'All these incidents go to show that the day of the anodyne, apolitical corporation is running out fast,' says Kanika Datta.
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The proposal of Tatas and Singapore Airlines for a new joint venture, entailing foreign investment of $49 million, is likely to come up before the Foreign Investment Promotion Board for approval on October 18.
Prime Minister Manmohan Singh on Wednesday promised that wages and appropriate perks would be paid to Air India employees at the earliest after the financial problems of the ailing carrier found a resonance in Lok Sabha with members raising concern over non-payment of salaries.
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
The issue of equity infusion in Air India will be taken up by the Cabinet shortly and a cabinet note will be prepared in two weeks.
India has evacuated at least 670 Indian nationals from Sudan and is looking to rescue more of its citizens from the strife-torn African nation before the end of a tenuous ceasefire between the regular army and a paramilitary force.
In the biggest aviation takeover in India, Jet Airways has struck a deal to buy Sahara Airlines for Rs 2,300 crore (Rs 23 billion), a move that would help Naresh Goyal promoted carrier to become the biggest domestic carrier.
"Pakistan Air Force continuously monitored the complete flight path of the flying object from its point of origin in Sirsa in India till its point of impact near Mian Channu and initiated requisite tactical actions in accordance with standard operating procedures," Pakistan Army spokesman Major General Babar Iftikhar said.
The decision on additional grant would also be taken keeping in view the high cost debt 'both current and long term' taken by Air India.
The P-8I, which is widely acknowledged to be the world's most deadly LRMR-ASW aircraft, is a derivative of the Boeing 737-800 airliner, onto which a plethora of sensors and weaponry has been fitted.
There are only three entities left in the fray now - Russian Fund Treasury RA Partners, Panama-based investment firm Avantulo Group and South American conglomerate Synergy Group Corp.
This doctor couple put their faith in India. And in return India has put faith in them.
"The GoM on the civil aviation sector, headed by finance minister Pranab Mukherjee, is meeting tomorrow as the government has broadly agreed to support Air India in its restructuring process," civil aviation minister Praful Patel said on Tuesday.
India has realised that one can only deal with China from a position of strength and that is not palatable to Beijing, observes Dr Rup Narayan Das.
The objections were filed after Airbus failed to repay Rs 196 crore, availed by the aircraft-making company on behalf of Mallya-controlled Kingfisher Airlines
The ATR 72-600 aircraft was accorded water salute as it landed at the Jaffna airport, about 400-km from capital Colombo.
Two months after launch, low-cost warrior AirAsia is expanding to uncharted routes in India.
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